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When the no taxes and no costs to financlal distress assumptions of Modigliani & Miller Theorem are relaxed, the value of a levered firm is

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When the no taxes and no costs to financlal distress assumptions of Modigliani \& Miller Theorem are relaxed, the value of a levered firm is a functlon of: l) value of the firm If all-equity-financed; II) the present value of tax shleld; III) the present value of costs of financial distress; IV) the present value of omltted dividend payments Multiple Choice 1+ II - III - IV 1+11111 I only 1+11

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